Good move on Porsche! Now lets get another 007 Movie rolling and see a
new Porsche as the beauty car.
Porsche plans to buy a 25 percent stake in a German carbon fiber
producer, widening access to the lightweight material used in its
top-end sports cars.
Porsche and Capricorn Composite GmbH, a supplier of components for the
LMP1 and 918 Spyder models, are targeting completion of the deal in
about two weeks after signing an agreement on Monday, the carmaker
said Tuesday in a statement.
The purchase will "build on joint work over many years in the
motorsports industry and secure the future," Porsche said.
Volkswagen Group, Porsches parent company, already owns just under 10
percent of the shares in Capricorn's larger competitor, SGL Carbon SE.
An expansion of that holding is potentially blocked as BMW Group and
Susanne Klatten, a member of BMW's controlling family, together
control almost half of SGL's stock.
VW has said it's not seeking to add to the SGL stake.
Other brands owned by VW that use carbon fiber include Audi, which
competes with the BMW brand in luxury-auto sales and produces
components with the material, and supercar maker Lamborghini, which
uses it in auto bodies.
BMW has a joint venture with SGL to produce carbon fiber for its i3
and i8 models. The automaker's battery-powered i3 compact is the first
mass-produced model with an all-composite body.
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